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NZ economy grows 0.2% in Q2 2026
The New Zealand economy grew by 0.2% in the second quarter of 2026, surpassing the expected 0.1%, despite a slowdown in growth compared to the first quarter, which recorded 0.9%. The growth was driven by the goods production sector, especially construction, which increased by 2.7%. Electricity, gas, and water production rose by 0.5%, and the manufacturing sector grew by 0.4%. The service industries also experienced growth of 0.2%, while primary industries declined by 0.3%. On an annual basis, GDP increased by 2.6%, exceeding the projections of around 2.3%.
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